The Fund materially surpassed its €1bn target owing to strong demand from a globally diverse group of investors including sovereign wealth funds, pension funds, insurance companies and asset managers.

The fundraise brings the total amount raised for the Metropolitan fund series to €2.2bn since its inception in 2022. The Portfolio is highly diversified, comprising approximately 100 institutional‑quality assets on long-term, inflation-linked leases. It offers ICG investors access to opportunistic returns within the European Industrial and Logistics sector, with assets typically sourced off-market through non-traditional routes, including proprietary sale-and-leaseback transactions with corporates. Metropolitan supports ICGRE’s standing as one of Europe’s largest owners of high-quality, long-duration, triple-net lease assets.

Krysto Nikolic, Global Head of ICG Real Estate, commented:

Benoît Durteste, CIO and CEO of ICG, added:

1. Of which c. $600m raised post 31 December 2025.

– Ends –

For further information please contact:

Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
Clare.Glynn@icgam.com

Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
Maisie.LeMasurier@icgam.com

About ICG

ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.

*As at 31 December 2025.

The post ICG Real Estate announces €1.4bn final close for second Metropolitan fund appeared first on ICG.

A wide range of ICG investment professionals will be in attendance, led by CIO and CEO Benoit Durteste.

Want to meet? Get in touch.

SuperReturn International brings together the global private markets community, with thousands of LPs and GPs from across Europe, North America, Asia and beyond.

The event offers an unrivalled opportunity to exchange views on market conditions, investment themes and the evolving private capital landscape.

There’s never been a better time to meet

We look forward to meeting clients, consultants and prospective partners to discuss:

• Current market dynamics and opportunities across private markets
• How we are supporting investors through different stages of the cycle
• How our flexible, long-term approach can help meet evolving client needs
  

Portfolio Managers and Investment Professionals attending from ICG include:

• Benoit Durteste – ICG CIO and CEO
• Peter Lockhead – Senior Debt Partners
• Mathieu Vigier – Senior Debt Partners
• Olivier Golder – European Mid-Market
• Adi Bhagwat – Strategic Equity
• Andrea Serra – Strategic Equity
• Oliver Gardey – LP Secondaries
• Vivien Blossier – LP Secondaries
• Colm Walsh – ICG Enterprise Trust
• Liza Lee Marchal – ICG Enterprise Trust

Arrange a meeting with ICG

If you’re attending SuperReturn International 2026 and would like to meet the ICG team, we’d be delighted to arrange a conversation during the event.

Get in touch with ICG’s Client Solutions Group at csg@icgam.com to book a meeting and let us know your availability.

We look forward to seeing you in Berlin!

The post Meet ICG at SuperReturn International 2026 appeared first on ICG.

ICG, gestore globale di asset alternativi, e Comcreta Group (“Comcreta” o “l’Azienda”), fornitore leader nei servizi di manutenzione infrastrutturale e gestione della vegetazione per il settore ferroviario italiano, annunciano oggi la firma di un accordo di partnership.

ICG European Infrastructure (“ICG Infra”) collaborerà a stretto contatto con il management aziendale, guidato da Francesco Comune, membro della terza generazione della famiglia fondatrice che fino ad oggi ha detenuto la piena proprietà dell’Azienda. La partnership mira a facilitare la prossima fase di espansione di Comcreta, in un contesto di investimenti strategici nelle infrastrutture ferroviarie italiane. Il lavoro si concentra ora sul rafforzamento delle capacità operative, sull’espansione orizzontale del business e sulla ricerca di opportunità di M&A in Italia e all’estero, facendo leva sulla consolidata struttura operativa e sulla comprovata esperienza dell’Azienda.

Comcreta realizza importanti interventi di manutenzione infrastrutturale sulla rete ferroviaria italiana, avvalendosi di una profonda competenza tecnica ed una lunga esperienza nel settore. Il Gruppo opera nell’ambito di Accordi Quadro a lungo termine con Rete Ferroviaria Italiana (RFI), l’ente gestore dell’infrastruttura ferroviaria italiana, garantendo sicurezza ed efficienza attraverso la manutenzione ordinaria, gli interventi di ripristino e la gestione della vegetazione lungo le linee ferroviarie.

Per ICG Infra, questa operazione segue la chiusura del suo secondo fondo da 3,15 miliardi di euro e va ad arricchire il portafoglio di asset del team nel settore della mobilità, che attualmente comprende, tra gli altri, Regional & City Airports e ZEPLUG.

Paul Levêque, Associate Director, European Infrastructure ICG, ha commentato:

Francesco Comune, CEO di Comcreta, ha aggiunto:

Domenico Comune, fondatore di Comcreta, conclude:

ICG è stata assistita da Clearwater (M&A), GPBL (Legal), EY (Financial & Tax Due Diligence), Roland Berger (Commercial), AON (Insurance), ERM (ESG).

Comcreta è stata assistita da Fineurop Soditic (M&A Advisor), Pedersoli Gattai (Legal Advisor), KPMG (Financial Due Diligence), Spada Partners (Tax Advisor).

Per ulteriori informazioni, si prega di contattare:

Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
Clare.Glynn@icgam.com

Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
Maisie.LeMasurier@icgam.com

Pierluigi Picerno
Head of HR/Organization/General Affairs
+39 393 833 2984
p.picerno@comcreta.it

Chi è ICG

ICG (LSE: ICG) è una società globale di gestione patrimoniale alternativa con 127 miliardi di dollari* di asset in gestione e oltre trent’anni di esperienza nella generazione di rendimenti attrattivi. Operiamo in oltre 20 sedi in tutto il mondo e investiamo il capitale dei nostri clienti in diversi settori: capitale strutturato, private equity secondario, debito privato, credito e asset reali. Il nostro team di professionisti crea opportunità differenziate, investe in modo responsabile e genera valore a lungo termine. Collaboriamo con team di management, fondatori e imprenditori con un approccio creativo e orientato alle soluzioni, supportandoli con la nostra esperienza e la flessibilità del nostro capitale. Per maggiori informazioni, visita il nostro sito web e seguici su LinkedIn.

*Dati aggiornati al 31 dicembre 2025.

The post ICG Infra stringe una partnership con Comcreta, azienda leader nella manutenzione ferroviaria appeared first on ICG.

ICG, the global alternative asset manager, and Comcreta Group (“Comcreta” or “the Company”), a leading provider of infrastructure maintenance works and vegetation control management to the Italian railway sector, today announced the signing of a partnership agreement.

ICG European Infrastructure (“ICG Infra”) will work closely with the management team, led by Francesco Comune, a third‑generation member of the founding family which has until now retained full ownership of the Company. The partnership will aim to facilitate the next phase of Comcreta’s expansion, against a backdrop of accelerating investment in Italy’s rail infrastructure. The efforts will focus on strengthening operational capabilities, expanding into adjacent business lines and pursuing accretive M&A opportunities in Italy and abroad, building on the Company’s established platform and track record of delivery.

Comcreta carries out critical infrastructure maintenance across Italy’s railway network, drawing on deep technical expertise and experience in rail infrastructure. The Company operates under long-term framework arrangements with Rete Ferroviaria Italiana (RFI), Italy’s rail infrastructure owner, ensuring safety and efficiency by delivering day-to-day maintenance, repair works and vegetation management along rail corridors.

For ICG Infra this transaction follows the €3.15bn close of its second fund and complements the team’s existing portfolio of assets within the mobility sector, presently comprising Regional & City Airports and ZEPLUG, among others.

Paul Levêque, Associate Director, European Infrastructure at ICG, commented:

Francesco Comune, CEO of Comcreta, added:

Domenico Comune, Comcreta Founder, concludes:

– Ends –

ICG was advised by Clearwater (M&A), GPBL (Legal), EY (Financial & Tax Due Diligence), Roland Berger (Commercial), AON (Insurance), ERM (ESG).

Comcreta was advised by Fineurop Soditic (M&A Advisor), Pedersoli Gattai (Legal Advisor), KPMG (Financial Due Diligence), Spada Partners (Tax Advisor).

For further information please contact:

Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
Clare.Glynn@icgam.com

Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
Maisie.LeMasurier@icgam.com

Pierluigi Picerno
Head of HR/Organization/General Affairs
+39 393 833 2984
p.picerno@comcreta.it

About ICG

ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.

*As at 31 December 2025.

The post ICG Infra partners with leading railway maintenance provider Comcreta appeared first on ICG.

Luke joins ICG with more than 16 years of experience in global asset management and extensive expertise in serving insurance companies. He most recently served as Managing Director and Global Head of Insurance Investment Solutions at PineBridge Investments, where he led the firm’s global insurance business and delivered strategic solutions to a broad spectrum of clients within this segment. Prior to PineBridge Investments, Luke held senior roles at Deutsche Asset Management, where he focused on investment strategies for insurance clients across the US and Canada.

Luke’s appointment underscores ICG’s continued commitment to consolidating its global client coverage and deepening expertise within CSG, reflecting the firm’s expanding and increasingly diversified suite of strategies. ICG features a number of offerings, including products within Asset-Backed Finance, Direct Lending, and Real Estate, that are particularly suited to insurance companies, with the flexibility to be structured around individual objectives and balance sheet requirements.

Alan Isenberg, Global Head of the Client Solutions Group at ICG, commented:

Luke Schlafly, Global Head of Insurance at ICG, added:

– Ends –

For further information please contact:

Clare Glynn

Head of Corporate Communications

+44 20 3545 1395

Clare.Glynn@icgam.com

Maisie Le Masurier

Corporate Communications

+44 20 3545 1624

Maisie.LeMasurier@icgam.com

About ICG

ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.

*As at 31 December 2025.

The post ICG appoints Luke Schlafly as Global Head of Insurance Client Solutions appeared first on ICG.

Appointment of Jonathon Bond

Jonathon Bond was Chief Investment Officer at Grosvenor from 2021 to 2025, where he was responsible for the capital invested in Grosvenor’s commercial and investment activities and for its performance. Since late 2025, he has been Executive Chairman of Grosvenor’s Financial Investment Committee. He has previously held several non-executive director positions, including as Senior Independent Director at Jupiter Fund Management plc and Non-Executive Director at Scottish Widows, Standard Life Private Equity Trust plc and Camellia plc.

Jonathon spent over twenty-five years in the alternative investment industry in the UK, Europe and Asia. Jonathon was a founding Partner of Actis LLP, the growth market investor in sustainable infrastructure and private equity. Earlier in his career, he worked as a founding Director of HSBC Private Equity in India and held senior positions at Electra Private Equity Partners and Bain & Company. He was also Executive Chairman of Scandinavian family office Skagen Group from 2013 to 2019 .

Retirement of Stephen Welton and Rosemary Leith

As part of the ongoing succession planning in respect of the Company’s Non-Executive Directors, Stephen Welton and Rosemary Leith will retire from the Board of the Company with effect from the Annual General Meeting to be held on 15 July 2026. Stephen will retire in his ninth year of service in order to comply with the Corporate Governance Code, while Rosemary will retire in her sixth year of service due to the time requirements of a range of other commitments.

Sonia Baxendale, who joined the Board of the Company in January 2025, will become Chair of the Risk Committee in succession to Rosemary Leith.

William Rucker, Chair of ICG, said:

There is no additional information required to be disclosed pursuant to UK Listing Rule 6.4.8R in respect of the appointment of Jonathon Bond.

Ends

Enquiries

Chris Hunt

Head of Corporate Development and Shareholder Relations, ICG

+44 (0) 20 3545 2020

Andrew Lewis

General Counsel and Company Secretary, ICG

+44 (0) 20 3545 1344

Fiona Laffan

Global Head of Corporate Affairs, ICG

+44 (0) 20 3545 1510

The post Board Changes appeared first on ICG.

The Share Buyback, which the Directors consider to be in the best interests of the Company and its shareholders generally, is to enable the Company to issue an equal number of Non-Voting Shares to Amundi in a manner that is non-dilutive to the Company’s existing shareholders. The Non-Voting Shares will have the same nominal value, rights and privileges as the Ordinary Shares, including as relates to dividends and other economic rights, save that the Non-Voting Shares will not have any voting rights. The subscription price for such Non-Voting Shares will be equal to the price paid by the Company for the Ordinary Shares repurchased by the Company pursuant to the Share Buyback, and Amundi will reimburse the Company in cash for reasonable costs and expenses incurred by the Company in connection with the Share Buyback.

The Company intends to undertake the Share Buyback with the following parameters:

• The maximum number of Ordinary Shares repurchased shall not exceed 15,280,825 Ordinary Shares;
• The total consideration of Ordinary Shares repurchased under the Share Buyback programme shall not exceed an aggregate market value of £316 million; and
• The Share Buyback programme will begin on 26 February 2026 and expire on 30 June 2027, provided that it shall expire immediately if the 2025 Authority expires and the 2026 Authority is not granted.

The purpose of the Share Buyback programme is to reduce the issued ordinary share capital of the Company. The Company will hold as treasury shares any Ordinary Shares repurchased in accordance with the provisions of the Companies Act 2006 and will, in due course, cancel the Ordinary Shares in tranches on at least a bi-annual basis, and will not use them for any other purpose prior to cancellation. The Company will make appropriate disclosures during the buyback period of the number of Ordinary Shares that the Company has repurchased and will allot and issue an equal number of Non-Voting Shares to Amundi in accordance with the terms of the Subscription Agreement. The Share Buyback is a pre-condition to the issue of Non-Voting Shares (as defined in the Strategic Partnership Announcement) to Amundi and will be undertaken in tranches, with the corresponding number of Non-Voting Shares being issued to Amundi.

The Non-Voting Shares will be a new class of unlisted non-voting shares in the capital of the Company with a nominal value of £0.2625 each. It is a term of issue of the Non-Voting Shares that on a later transfer by Amundi they will convert into Ordinary Shares, with the same rights and privileges provided under the Company’s Articles of Association, provided the shares are validly transferred via a permitted transfer, being a transfer (i) to the Company; (ii) in a widespread public distribution; (iii) in which no transferee (or group of associated transferees) would acquire 2% or more of any class of voting securities of the Company; or (iv) involving a single transfer in which the transferee would control more than 50% of every class of voting securities of the Company without regard to any transfer from that person.

The Share Buyback will initially be undertaken in accordance with and under the terms of the general authority granted by the Company’s shareholders at its annual general meeting on 16 July 2025 to repurchase a maximum of 29,063,689 Ordinary Shares (representing approximately 10% of the issued share capital of the Company) (the “2025 Authority”). This authority expires at the conclusion of the next annual general meeting of the Company (or, if earlier, the close of business on 30 September 2026). The Company intends to renew the 2025 Authority at the Company’s 2026 annual general meeting (the “2026 Authority”) and purchases effected under the Share Buyback programme following the expiry of the 2025 Authority will be conditional on the receipt of such authority.  

The Share Buyback will be undertaken on the London Stock Exchange and other trading venues, and will be executed within the parameters of the shareholder authorities from time to time and the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU (in each case, as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018) and the UK Listing Rules, including that the maximum price (excluding expenses) which may be paid per Ordinary Share shall be the higher of (1) an amount equal to 105% of the average of the middle market quotations for an Ordinary Share as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which that ordinary share is purchased and (2) the higher of the price of the last independent trade and the highest current independent bid for an Ordinary Share on the trading venue where the purchase is carried out.

To facilitate the Share Buyback, the Company has entered into an engagement letter with Merrill Lynch International (“BofA Securities”) pursuant to which the Company has issued an instruction providing BofA Securities with the authority to repurchase Ordinary Shares in the Company subject to certain agreed parameters. The instructions are irrevocable during any closed periods of the Company and therefore, purchases may continue during any closed periods of the Company, and any purchases of Ordinary Shares made during closed periods pursuant to the Share Buyback shall be made independently of and uninfluenced by the Company.

Appointment of Non-Executive Director

Furthermore, in accordance with the Strategic Partnership Announcement, the Board of ICG announces that Vincent Mortier has been appointed as a Non-Executive Director of the Company with effect from 31 March 2026. He will join the Board as the Amundi nominee director and will also serve as a member of the Nominations and Governance Committee.

Vincent is a member of the Amundi Global Management and Executive Committees. He has been Group Chief Investment Officer of Amundi since 2022, before which he was the Group Deputy CIO from 2015. Prior to Amundi he worked at Societe Generale, holding several senior roles including Chief Financial Officer of the Global Banking and Investor Solutions division.

William Rucker, Chair of ICG, said:

There is no additional information required to be disclosed pursuant to UK Listing Rule 6.4.8R in respect of this appointment.

Terms not defined here shall have the meaning as set out in the Strategic Partnership Announcement.

This announcement contains information which prior to this announcement was inside information. The person responsible for arranging for the release of this announcement on behalf of the Company is Andrew Lewis.

Enquiries:

Chris Hunt, Head of Corporate Development and Shareholder Relations, ICG

+44 (0) 20 3545 2020

Media:

Fiona Laffan, Global Head of Corporate Affairs, ICG

+44 20 3545 1510

The post Commencement of Share Buyback Programme and Appointment of Non-Executive Director appeared first on ICG.

ICG’s Asia-Pacific Corporate team is currently investing its fourth vintage fund, with investment professionals located across Singapore, Hong Kong, Tokyo, Seoul and Sydney. It targets locally sourced, directly originated and privately negotiated flexible investments in subordinated debt and equity in companies across Asia-Pacific. The team recently realised successful investments in Yudo China Holdings, generating a 2.6x MM, PSB Academy with a 2.9x MM, and SCF Containers with a 2.0x MM.

Sujey joins ICG from PAG, where he served as Deputy Chief Investment Officer and Head of Southeast Asia for its flagship private equity strategy. Having joined the firm in 2013, he played an important role in growing the business since its maiden private equity fund through the sourcing, evaluation and execution of investment opportunities across the APAC region. As a key member of its Investment Committee, Sujey also contributed to PAG’s overall investment strategy, portfolio construction and team development.

His earlier career was spent with TPG Capital in Singapore for six years, focused on Southeast Asian private equity, and in investment banking with Merrill Lynch. Sujey holds bachelor’s and master’s degrees from Stanford University.

Benoît Durteste, Chief Executive Officer and Chief Investment Officer:

Sujey Subramanian, designated Head of Asia-Pacific Corporate at ICG, said:

Past performance is not a reliable indicator of future results.

Note: AUM at 31 March 2020 (source: Annual results for the year ended 31 March 2020) and 31 December 2025 (source: Q3 Trading statement for the period to 31 December 2025).

For further information please contact:

Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
Clare.Glynn@icgam.com

Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
Maisie.LeMasurier@icgam.com

About ICG

ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.

*As at 31 December 2025.

The post ICG appoints Sujey Subramanian as Head of Asia-Pacific Corporate strategy appeared first on ICG.

グローバルなオルタナティブ資産運用会社であるICGは本日、アジア太平洋インフラチーム（以下「ICG APACインフラ」）が、日本を拠点とする系統用蓄電池（Battery Energy Storage System：以下「BESS」）プロジェクトの開発・保有・運用会社であるレイエイトエナジー株式会社（以下「レイエイトエナジー」）と、プラットフォームの拡大を支援するためのパートナーシップを締結したことを発表しました。

エネルギートランジションに特化したアーリーステージの投資家であるグリーン・タワーの初期支援を受け、レイエイトエナジーは、日本で10年以上の再生可能エネルギー開発の経験を持つ起業家・開発者である田  智秀氏（以下「創業者」）により設立されました。レイエイトエナジーの経営陣は、系統用の大規模のBESSプロジェクトの開発、エンジニアリング、商業化、運用における豊富な専門知識を兼ね備えています。

ICGは創業者や経営陣と緊密に連携し、急成長する日本のBESS市場における機会を捉えていきます。レイエイトエナジーは、既に開発中の多様なプロジェクトのパイプラインを基盤に、経営陣の日本での広範なネットワークと実績を活かし、自社主導のグリーンフィールド開発および厳選されたグリーンフィールドやブラウンフィールド案件の取得を通じた成長を目指します。

2050年までのネットゼロ目標達成を目指す日本政府の取り組みは、電力システムの制約が増すなか、再生可能エネルギーの普及拡大を支えつつ、系統の安定性・信頼性・柔軟性を確保する蓄電池ソリューションの重要性を浮き彫りにしています。こうした政策を背景に、レイエイトエナジーは今後5年間で、1,000MW超のBESS設備容量の開発・保有という目標達成に向け、良好な立場にあります。

本取引は、ICG APACインフラが2023年以降にアジア太平洋地域で手掛けた4件目の再生可能エネルギー・プラットフォームとの提携となります。これまでに、Voltaiyo株式会社、Revent Energy、Ampin Energy Transitionへの投資実績があります。

ICGアジア太平洋インフラ責任者　デヴァルシ・ダスは次のように述べています。

レイエイトエナジー創業者兼CEO　田 智秀氏は次のように述べています。

本取引では、クリフォードチャンス法律事務所および西村あさひ法律事務所がICGの法律顧問を務めました。

メディア問い合わせ先

Clare Glynn 
Head of Corporate Communications 
+44 20 3545 1395 
Clare.Glynn@icgam.com 

Maisie Le Masurier 
Corporate Communications 
+44 20 3545 1624 
Maisie.LeMasurier@icgam.com 

日本での広報代理

アシュトン・コンサルティング　

TEL 03-5425-7220　 ICGJapanPR@ashton.jp

ICGについて

ICG（ロンドン証券取引所：ICG）は、運用資産総額1,270億米ドル*を有するグローバルなオルタナティブ資産運用会社であり、30年以上にわたり魅力的なリターンを生み出してきた実績があります。ICGは、世界20ヶ所以上の拠点で事業を展開し、ストラクチャード・キャピタル、プライベート・エクイティ・セカンダリー、プライベート・デット、クレジット、リアル・アセットなど、多様な分野で資産運用サービスを提供しています。ICGの卓越した人材が差別化された投資機会を創出し、責任ある投資を通じて長期的な価値を提供します。また、創造的かつソリューション提供型のアプローチで経営陣、創業者、事業オーナーと連携し、専門知識と柔軟な資本で支援します。より詳しい情報は、当社ウェブサイトおよびLinkedInをご覧ください。

*2025年12月末現在

レイエイトエナジーについて

レイエイトエナジーは、日本全国を対象に、系統用蓄電池の開発、投資および運用に特化したクリーンエネルギープラットフォームです。田 智秀により創業された同社は、深い国内知見と規律ある実行力、そしてグローバルな視点を融合させ、日本のエネルギートランジションを支援するとともに、長期的かつ持続的な価値創出を目指しています。

The post ICG、レイエイトエナジーと提携し、日本における系統用蓄電池プラットフォームの拡大を推進 appeared first on ICG.

• The transaction marks ICG APAC Infra’s entry into Japan’s BESS market
• Ray8 has a growth target of over 1,000 MW BESS installed capacity

ICG, the global alternative asset manager, today announced that its Asia-Pacific Infrastructure team (“ICG APAC Infra”) has entered into an agreement to partner with Ray8 Energy (“Ray8” or “the Company”), a Japan-based developer, owner and operator of battery energy storage system (BESS) projects, to help scale the platform.

With initial backing from Green Tower, an early-stage investor focused on the energy transition, Ray8 was founded by Tomohide Den (“the Founder”), a seasoned entrepreneur and developer with over a decade of experience in renewable energy development in Japan. Ray8’s management team combines expertise in development, engineering, commercialisation and operation of grid-scale BESS projects.

ICG will work closely with the Founder and management team to capitalise on fast-growing BESS market opportunities in Japan. Building on a diversified pipeline of projects already under active development, Ray8 seeks to grow through internally originated greenfield development and selective acquisition of greenfield and brownfield projects, leveraging the management team’s extensive network and execution track record across Japan.

Japan’s pursuit of its Net Zero target by 2050 underscores the critical need for energy storage solutions to support the growing penetration of renewable energy, while ensuring grid stability, reliability and flexibility in an increasingly constrained power system. Against this policy backdrop, the Company is well positioned to achieve its aim of developing and owning over 1,000 MW of BESS installed capacity within the next five years.

This transaction constitutes ICG APAC Infra’s fourth renewables platform partnership in the region since 2023, following prior investments in Voltaiyo, Revent Energy and Ampin Energy Transition.

Devarshi Das, Head of ICG Asia-Pacific Infrastructure, said:

Tomohide Den, Founder and CEO of Ray8 Energy, said:

Clifford Chance and Nishimura & Asahi served as legal counsel to ICG.

– ENDS –

For further information please contact: 

Clare Glynn 
Head of Corporate Communications 
+44 20 3545 1395 
Clare.Glynn@icgam.com 

Maisie Le Masurier 
Corporate Communications 
+44 20 3545 1624 
Maisie.LeMasurier@icgam.com 

About ICG 

ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.

*As at 31 December 2025.

About Ray8 Energy

Ray8 Energy is a specialized clean energy platform focused on the development, investment, and operation of battery energy storage systems (BESS) throughout Japan. It blends deep local expertise with global insights to deliver best-in-class BESS solutions and optimized returns. Ray8 Energy was founded by Tomohide Den, a seasoned entrepreneur and developer with over a decade of experience in renewable energy development in Japan, with initial backing from Green Tower. Green Tower is an investment platform dedicated to co-founding and co-developing early-stage development platforms and corporate initiatives in the renewable energy and energy transition sectors.

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